RE: Short term SP not important9 Jan 2021 12:03
I am not about to cross-ramp by naming the company but I have held onto one particular share since 2018 waiting for it to come good. It’s fundamentals tell us that it should do well. But it has taken a lot of patience and conviction to hang on to those shares through all the bad times. I have watched the SP drop and drop over the past two years and my investments halve in value, but at no time did I consider letting the mms have my shares at the prices being offered.
Over the past month or so the share price has more than doubled from its COVID inspired dip and I am happy to say that my investment is almost out of the red and resurfacing. The future prospects still look good and more patience is needed before profit is realised but I have every confidence in what I am doing because the fundamentals of this company are what matters and not the current share price.
I am not into SNG as deeply as this other share and although confident that SNG will do well, I haven’t the same utter belief. What I do know is that the long view, however long that may be or however long it takes is what matters. Don’t be distracted by what the market does to your investment. If you believe in it hold tight, but also know when to sell. Don’t be too greedy, learn the difference between a spike and a genuine rise. The former will be driven by sentiment, the latter by fundamentals and external factors. Good luck all.